Govt reduces jute stock limits to zero

New Delhi: The government on Monday reduced raw jute stock limits for traders and balers to zero to ensure fair distribution and prevent hoarding. The move by the ministry of textiles follows a sharp surge in raw jute prices over recent months, which have stayed above the Minimum Support Price (MSP) for 2025-26.Under the revised rates, raw jute balers with baling press on premises and registered with the Jute Commissioner’s office must bring their stock levels down to nil and and must sell the e...